Bearings manufacturer SKF India has outlined plans to invest up to Rs 1,460 crore by 2030 to strengthen its manufacturing capabilities across key facilities serving both the industrial and automotive sectors, according to an investor presentation.

The company has earmarked a capital expenditure ranging from Rs 1,210 crore to Rs 1,460 crore to boost production capacity at its plants in Haridwar, Pune, and Bangalore. As part of this strategy, SKF India intends to allocate Rs 800 crore to Rs 950 crore over the next five years toward expanding its industrial business. This includes enhancing distribution channels to meet rising domestic demand and establishing a new manufacturing facility in Pune, expected to be operational by 2028. This includes Rs 350 crore to Rs 450 crore for channel expansion and Rs 450 crore to Rs 500 crore.

In the automotive segment, the company aims to invest Rs 410 crore to Rs 510 crore by 2030, focusing on expanding capacity to produce bearings for two-wheelers, electric vehicle (EV) powertrains, and wheel-end bearings for both passenger and commercial vehicles. Specifically, Haridwar will see Rs 100 crore to Rs 150 crore investment to expand EV bearing capacity by 50 percent by 2029. Pune will receive Rs 300 crore to Rs 350 crore to boost unitised wheel-end bearing production by 30% by 2030, while Bangalore will get Rs 10 crore for a 10 percent capacity increase focused on EV and two-wheeler bearings by 2026.